Rothschild Asset Management Inc. bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,043 shares of the transportation company’s stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $275,000. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $110,378,000. Chevy Chase Trust Holdings Inc. increased its position in shares of J.B. Hunt Transport Services by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,846 shares of the transportation company’s stock valued at $6,867,000 after buying an additional 1,726 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of J.B. Hunt Transport Services by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 142,925 shares of the transportation company’s stock valued at $13,874,000 after buying an additional 458 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of J.B. Hunt Transport Services by 12.6% in the fourth quarter. Franklin Resources Inc. now owns 540,161 shares of the transportation company’s stock valued at $52,433,000 after buying an additional 60,641 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

Shares of J.B. Hunt Transport Services, Inc. (JBHT) traded down 0.79% during mid-day trading on Friday, reaching $89.58. 1,283,525 shares of the company’s stock were exchanged. The company has a market capitalization of $9.85 billion, a PE ratio of 23.26 and a beta of 0.95. J.B. Hunt Transport Services, Inc. has a one year low of $75.71 and a one year high of $102.38. The company’s 50-day moving average price is $87.04 and its 200-day moving average price is $93.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, April 17th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 30.67%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business posted $0.88 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post $3.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 3rd. J.B. Hunt Transport Services’s payout ratio is 23.83%.

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JBHT has been the topic of several analyst reports. Credit Suisse Group reiterated an “outperform” rating and issued a $107.00 target price (up previously from $102.00) on shares of J.B. Hunt Transport Services in a research note on Monday, March 6th. Cowen and Company dropped their target price on shares of J.B. Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 19th. Vertical Research initiated coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, April 13th. They issued a “hold” rating and a $92.00 target price on the stock. Zacks Investment Research downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Finally, J P Morgan Chase & Co initiated coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $97.00.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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